Domino’s franchisee to declare Russian business bankrupt August 21, 2023 The Russian arm of fast food chain Domino’s is likely to close after its London-listed parent company decided to put it into bankruptcy. Apparently failing to find a buyer for the Russian business, DP Eurasia said it has decided its subsidiary should instead file for bankruptcy. The franchisee runs around 170 Domino’s pizza sites in the country, and had previously said it was “evaluating its presence” there. The Russian economy has been hit [...]
Polymetal hopes for Russian asset sale within six months August 21, 2023 Polymetal plans to sell its Russian business within six months, with mining groups from the country and Chinese investors among the potential suitors.
Coca-Cola HBC faces questions over Russia operations August 20, 2023 Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
Carlsberg ‘shocked’ at Russian capture of business August 16, 2023 The chief executive of Carlsberg has described his “shock” over Russia’s seizure of its business after the brewer left the territory. Last month, Russia took control of the beer maker’s eight breweries and 8,400 employees in the country after it closed a sale of the business to an undisclosed buyer. “We have known from the [...]
Explainer: Nato suggestions of giving up territory to Russia don’t go down well with Ukraine August 16, 2023 Another row about Ukraine’s future exploded this week, after a senior Nato official said Ukraine could relinquish parts of its territory to Russia and get Nato membership instead. It was Stian Kenssen, chief of staff of Jens Stoltenberg, to suggest this as a possible solution to end the conflict. He was at pains, however, to [...]
Why we might need to take inflation positivity with a grain of salt August 15, 2023 Temple Melville is forecasting dark skies for world economies as Russia squeezes vital exports, meaning crypto needs a defined role.
Russia hikes rates to 12 per cent as ruble plummets to lowest level since Ukraine invasion August 15, 2023 Russia’s central bank has raised its key interest rate by 3.5% in a move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine. The decision to hike the key rate to 12% was announced after an emergency meeting of the bank’s [...]
How bots came to rule the world, from Ticketmaster to global elections August 15, 2023 Bots are not only a problem on social media: they shape retailers like Ticketmaster and can influence politics, including global elections. Yet the danger they pose is underestimated, writes Elena Siniscalco
RAF scrambles jets to intercept two Russian bombers near Scottish islands August 14, 2023 The Royal Air Force (RAF) scrambled jets on Monday to intercept two Russian bombers that were travelling north of the Shetland Islands in Scotland. The incident saw the Russian Tu-142 Bear-F and Tu-142 Bear-J maritime patrol aircraft, used for reconnaissance and anti-submarine warfare, monitored by RAF Typhoons in international airspace as they passed north of [...]